Weekly African Footprint: December 07 , 2012

Below is a headline summary of our Weekly African Footprint. Please click here for more detailed reports. It includes the following:

Quick summary table displaying the performance of all the African Stock Exchanges and African currencies on a WTD and YTD basis. Summaries of the keys markets and relevant economic and corporate news.

Do not hesitate to contact us should you require further information.

Botswana

•  Letshego applies for banking licence
•  Galane Gold ramps up exploration
•  Diversification progress impresses US Treasury exec
•  Sluggish diamond market dents government coffers

Egypt

•  Govt resorted EGP 20bn by resolving disputes with companies
•  Egypt's balance of payments deficit narrows in Q3

Kenya

•  yuMobile owners commit KES 17bn to revitalize network
•  KQ’s recovery suffers blow as sacked workers are reinstated
•  KenolKobil loses market lead to Total
•  Co-op Bank keeps dividend flat to boost war chest
•  Investors protest KQ ruling in workers row
•  36 trade barriers in EAC dropped in a year
•  Power output up by 10% as Kipevu III plant goes live
•  World Bank report pegs Kenya’s economic recovery to March poll
•  Probe on large taxpayers’ accounts leads to 20% jump in revenue tally

Malawi

•  Malawi raises benchmark rate to tame inflation

Nigeria

•  New product shores up Dangote Sugar profits
•  Starcomms banks on shareholders’ approval to seal Capcom’s $210m deal
•  Lafarge invests N100m in infrastructure development in host communities
•  Banks raise USD 202m for IHS
•  Cement Dumping Forces Closure of Dangote’s Gboko Plant
•  Fidelity Bank Partners ABC Transport on Paydirect
•  NAICOM set to enforce ‘No premium no cover’ rule
•  Stock Exchange unveils value added services to attract listings
•  Growth in interest, non-interest income boost banks’ earnings
•  Nigeria Seeks Farming Boom With USD 3bn Rail Plan: Freight
•  Nigeria central bank says tightening achieved aims
•  FG Accused of Politicising Lagos USD 600m World Bank Loan

Tanzania

•  ICT investment crucial to improved internet services
•  ‘Boosting industries key for growth’

Zambia

•  MTN Captures 3.5m clients, spends USD 200m
•  Bank of Zambia keeps policy rate at 9.25%

Zimbabwe

•  NSSA takes over AFRE
•  Agribank gets new advisors
•  Radar seeks shareholders’ approval
•  Pelhams in USD 500k loss
•  BAT denies espionage allegations
•  African Sun looks to reduce borrowings
•  Metallon Gold risks losing licence
•  AirZim to settle USD 2,8mn debt
•  ‘Essar deal will not fail’
•  Africa Sun turns the corner
•  Cairns Holdings suspended from ZSE
•  EcoCash spreads to CBZ Bank
•  Delta announces new beer prices
•  Prob shakes BAT
•  Mimosa worried over platinum prices
•  Mash Holdings posts USD 17m profit
•  Insurers castigate side marketing in tobacco
•  EU thaws on Zimbabwe diamonds